MSMEs Holds India's Future: Piyush Goyal

Commerce and Industry Minister said that the future of India lies in the Micro Small and Medium Enterprises (MSMEs). ''In the MSME sector the future of India lies,'' he said.

Hence, the Minister urged industries of the MSME sector to demand the support of the Government in development of clusters near ports, availability of land in bulk, common effluent treatment plants and common testing facilities.

Goyal further said that investing and caring for the environment is an advantageous proposition for everybody, the industry as well as citizens, as it helps to create a conducive business climate and acceptability for Indian products worldwide.

Commerce and Industry Minister urged industry to engage with the world, grasp all opportunities that are available through the free trade agreements that India has entered into with other countries but at the same time protect the national interest, their business interests and above all the interest of the consumers.

The Minister also gave way the export awards of CAPEXIL today. Minister of State for Micro, Small and Medium Enterprises (MSMEs) Pratap Chandra Sarangi was also present at the award function.

Speaking on this occasion Commerce Minister said that in the chemicals and allied sectors, which has some of the oldest industries in the country, has much more potential than has been tapped and it is time that the entire sector should make a combined effort to take up new challenges, set higher goals and aspire for extraordinary results.

Goyal complimented the award winners and said that they must inspire others, who have not won an award today, to take bold decisions and risks and aspire to do extraordinary work in their industry.  For this, the Minister added that the CAPEXILsector industries must embrace new technology and explore new markets, make value addition to the products that are being manufactured and not just remain in their comfort zone as manufacturers and exporters of raw and basic products.